Bingology - The Blog of Aaron 'BingoBoingo' Rogier

ADD7A9A28F85E5EF1F51904F309BB8D7F3251143
About | Contact | PGP Public Key | Archive
« Choosing A Linux Desktop Environment for Newbs and n00bs
June Combined Trading Statement »

DogeCoin and Dystopia

A Doge shaking with intensity Nervous Doge

Recently a founder of Dogecoin, one Jackson Palmer, left the movement, because it had become to him... Cultlike. Many people would argue the mass of flesh surrounding Dogecoin has been cultlike for some time, but memes tend to do this. It isn't like anyone was warned where this was headed.

And were people warned that this whole thing was a dump and dilute scam ever since Jackson Palmer et al decided merely being a sham wasn't enough. And now the combination of groupthinking derps having a hugfest and Jackon Palmer trying to assert any influence at all over this cancer of his creation is that he had to leave, giving the reason that everyone around Dogecoin has started treating it like a cult. Even before this blowup though, the only serious prediction market in Bitcoin wasn't giving Doge's ability to sustain anything resembling a value much hope at all. Other Jackson Palmer having to managed an exit from Dogecoin that doesn't make him seem like the wrong kind of sleaze,1 there is actually a useful lesson here in one of the tremendous advantages Bitcoin enjoys by having been first to the scene.

By being the first, Bitcoin arrived as a fairly blank slate. The system had some rules as defined by the software code, but beyond that a number of people of diverse backgrounds and interests began to notice this thing. Over the course of Bitcoin history there have been winners and losers, and a number of things that don't work in crypto have been demonstrated experientially shaping the view of the space for those who arrived and continue to arrive later.

The problem that afflicts every new alternative to Bitcoin is that each of them has some spin that attracts a group around them that shares the belief in why tweak X and change Y make it superior to Bitcoin in some way. You get Litecoiners who only wanted to mine coins rather than pay someone else for them while also not wanting to buy ASICs watching in horror as Scrypt mining ASICs are now a thing and they have suddenly become bagholders. It is how you get Mastercoin people who wanted to do anything with their Bitcoins other than holding then run to Maidsafe when it gave them an opportunity to do anything other than hold Mastercoin.

This phenomenon where in alternatives to Bitcoin attract increasingly homogenous groups is perhaps most evident in Dogecoiners who seemingly want to make the Dystopia depicted below to become a reality.

YouTube has 10 hours versions of this abomination2
You end up with a cultureless mass of professional victims which defies labels like society, civilization, or community yet bestows fancies to label itself "The Community." It is a place where everyone has veto power because everyone is the executive, and people are routinely executed for committing the grave offense of making anyone else feel bad.

Jackson Palmer was either slain by the monster he created or committed the smoothest exit of any penny stock pump and dump promoter in history.

  1. He still actually leaves a scammer having milked this dump and dilute, but he gets to appear as though he was chased out simply for inhering the virtue of being an asshole. [↩]
  2. This is from "The Lego Movie" which is certainly the most vile piece of socialist propaganda to have been produced in the Western Hemisphere. [↩]

This entry was posted on Thursday, June 26th, 2014 at 7:35 a.m. and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “DogeCoin and Dystopia”

  1. moiety says:
    June 26, 2014 at 11:22 a.m.

    my eyes! my ears! my brain! see you in therapy.

    Reply
  2. BingoBoingo says:
    June 26, 2014 at 1:17 p.m.

    It gets better... Maybe...

    Reply

Leave a Reply

Click here to cancel reply.

 

It's still a pleasure to read bb prose. Both well researched and well written...

- Mircea Popescu

Recent Posts

  • Uruguay-SSR And The Hallucinated Seige
  • Introducing "The Montevideo Standard"
  • Qntra: A Plan For Action
  • A Homework Assignment From Diana_Coman: Trawling Ancient PMs Seeking What Worked For Early Qntra And Where I'm At On Scripting A Conversion Engine
  • Outreach Automation: A Call For Bids
  • Week 6 2020 Review - With Some Reflections On The Subject Of Feedback And Encountering Bots Blogging For Bots Nest
  • Photos From The Archives - January 20, 2011
  • Week 5 2020 Review - A Start To A Start
  • An Onramp For Contributing To Qntra - On Qntra
  • Week 4 2020 Review - Turning To Qntra

Recent Comments

  • Joe on Sports Team Fandoms as a Model Organism for Understanding Discourse
  • Alaskan Thunder Fuck on That One Agricultural Product And Uruguay
  • Aaron 'BingoBoingo' Rogier on Qntra: A Plan For Action
  • Aaron 'BingoBoingo' Rogier on Some FG Samples And Test Results
  • Mohammed nawar on Some FG Samples And Test Results
  • BetrugsRuehrerVow on Ceviche Theory And Practice
  • Aaron 'BingoBoingo' Rogier on Introducing "The Montevideo Standard"

Feeds

  • Posts RSS
  • Comments RSS


Tip Jar: 15eVXAW7k8uKc5moDFUSc9Y3jmHFAenNXo